Not long after posting these comments yesterday evening, the price spiked up close to the price cap at 23:35 (NEM time) as a result of approximately 200MW of off-peak electric hot water demand switching back in through South Australia.
This screenshot from NEM-Watch was automatically recorded at the time, and emailed to us as a record of the event:
Using ez2viewAustralia to generate a custom graph, we are able to show price and demand (and available generation) on the same chart to highlight what happened:
We can clearly see a jump in SA regional demand target at 23:35 in excess of 200MW coincident with the price spiking up towards the Market Price Cap. This jump in demand is the result of the timed switch-in of off-peak electric hot water.
In the ez2view South Australian regional view (under Time Travel), we can see that:
1) The wind farms had continued in the doldrums, with output barely registering in SCADA readings at the time of the price spike; and
2) Pelican Point had wound back its output within the prior half-hour leading up to the price spike.
3) We see Hallett GT and Dry Creek amongst the plants that increased their output to match the increase in demand.
That’s all we’ve got time to look at this morning.